UFP Technologies (NASDAQ:UFPT) Receives Hold (C) Rating from Weiss Ratings

Key Points

• UFP Technologies has received a "hold (c)" rating from Weiss Ratings, with a current consensus target price of $289.00.
• The stock's price target was increased from $252.00 to $289.00 by Lake Street Capital, who also assigned it a "buy" rating.
• UFP Technologies reported an earnings per share (EPS) of $2.50 for the last quarter, surpassing analyst expectations and reflecting a revenue increase of 37.2% year-over-year.

UFP Technologies (NASDAQ:UFPT - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Lake Street Capital upped their price target on UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $289.00.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded down $0.57 on Wednesday, reaching $196.41. The stock had a trading volume of 95,452 shares, compared to its average volume of 125,816. The stock has a market cap of $1.51 billion, a P/E ratio of 22.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. The business's 50-day moving average price is $208.75 and its two-hundred day moving average price is $220.75. UFP Technologies has a fifty-two week low of $178.26 and a fifty-two week high of $354.22.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.25. The company had revenue of $151.18 million for the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The company's revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS.

Institutional Trading of UFP Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in UFP Technologies by 290.3% during the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company's stock worth $30,000 after purchasing an additional 90 shares in the last quarter. PNC Financial Services Group Inc. grew its position in UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company's stock worth $42,000 after acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC boosted its holdings in UFP Technologies by 37.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 50 shares during the period. Canada Pension Plan Investment Board bought a new position in UFP Technologies during the 2nd quarter valued at about $49,000. Finally, State of Wyoming increased its stake in UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company's stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.

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